…and that promises living on Cloud 9
Would you like to have the luxury of global landmark Al Burj of Dubai in India only?
Author Track2Realty
Track2Realty
Track2Realty is an independent media group managed by a consortium of journalists. Starting as the first e-newspaper in the Indian real estate sector in 2011, the group has today evolved as a think-tank on the sector with specialized research reports and rating & ranking. We are editorially independent and free from commercial bias and/or influenced by investors or shareholders. Our editorial team has no clash of interest in practicing high quality journalism that is free, frank & fearless. Now you can subscribe our YouTube Channel @ https://www.youtube.com/channel/UClwlWQn4MUB7uVbQKsNEJzg
Realty sector exudes guarded optimism over SC rule on realty sales via power of attorney
The real estate sector has expressed guarded optimism on Supreme Court ruling that terms as “illegal” any sale of immoveable property through power of attorney (POA) unless the case is “genuine”.
Malaysian PKNS to build 1,000 affordable houses in Mumbai
The Malaysia’s Selangor State Development Corporation (PKNS) has forayed into India’s real estate sector and is close to concluding a deal with a leading developer to build affordable houses in Mumbai.
BCCL picks up ad-for-equity stake in Investor Clinic
Bennett, Coleman & Co. Ltd has acquired an undisclosed stake in an ad-for-equity deal with Noida-based Investors Clinic Infratech Pvt Ltd.
Residential property – A shadow of caution on the festival Of lights
The festive season looks a bit subdued for property buyers this year. The price corrections that were anticipated in the primary cities have not materialized, at least not in the hoped-for magnitude.
SEBI raps BSE in Sahara case
The Securities and Exchange Board of India (SEBI) has questioned the Bombay Stock Exchange (BSE) the basis on which it gave a certificate to the Sahara group on the ‘listability’ of optionally fully-convertible debentures (OFCDs).
Mumbai office oversupply expected to correct prices
An oversupply of commercial office space in Mumbai and other metros could lead to a huge price correction in the country’s realty market.
Patel Realty Expects to Double Profit on India’s Home Demand
Patel Realty expects profit to double this year on rising demand for homes in the world’s second-fastest growing major economy.
Fire Capital promoter forms realty firm, to invest Rs 6,000 cr
Private equity fund Fire Capital’s promoter has tied up with a clutch of US-based realty firms to form a new company that plans to invest Rs.6,000 crore in the next four years on developing 32,000 homes across the country.
Unitech approaches CLB with offers to buy out Telenor
Unitech in its petition before the CLB, in which it accused Telenor and its executives of ‘oppressive and mala-fide actions’ has offered to buy Norwegian partner Telenor’s 67.25% stake in their mobile joint venture.